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ETFS sees recovery possibilities for gold, silver, platinum and palladium

Posted on 03 July 2013

In the near term, further declines in gold prices can’t be ruled out but the fact that gold is trading 20% below its average marginal cost of production, silver 10%, and platinum 25% below marginal production costs, prices will have to move above these levels to support long term supply growth, according to ETF Securities Ltd.
Recent fall in gold and silver prices were the result of an over-reaction from bond markets to Fed comments and ultimately real interst rates will fall back from current levels, making the situation positive for precious metals in general, according to ETF Securities Ltd……………………………….Full Article: Source


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